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Benjamin Graham

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Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting disruption of prices.
--
Chapter II, The Issue of Cartels, p. 21

 
Benjamin Graham

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The world has not learned the technique of balanced expansion without the resultant commercial and financial congestion.

 
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THE INDUSTRIAL SYSTEM requires that prices be under effective control. And it seeks the greatest possible influence over what buyers take at the established prices.

 
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